Collaboration model and funding needs

Using proven models from other international research collaborations, we will develop a legal entity to oversee and manage the project and its funding sources, providing accountability to the sponsors. We will employ the best proven international legal frameworks, tested by investments such as the Hadron Collider.

GEORG will lead and run the investment. All funding bodies will have a seat on a governing board to ensure transparency. The project team, which is responsible for the delivery of the venture, will report to that board.

This dedicated project team — based in Iceland — will use expertise from within the partners to assure a robust project management process.

A steering committee, with representatives from all the participating organisations, will provide scrutiny over the lifespan of the project — delivering on the four pillars: Geohazards; Geothermal Energy; Planetary/fundamental science; and Technology & Innovation.

The steering committee will ensure the project is not compromised or hijacked by any one country’s agenda. This is a global initiative with global benefits for the whole of humankind.